Software Corporation Inc. proudly provides solutions and services targeted for today’s payment systems marketplace, with understandings and insights to solve complex challenges. For almost 3 decades, SCI has consistently provided clients with the highest level of reliability in the realm of FTM integration and implementation. Check out this article to learn the key differences between ACH,…
Earlier this year, The Federal Reserve released its newest data from 2015 concerning customer and business payment habits. Read more, below, to find out why there were significant changes in corporate payments activity between 2000 and 2015! The report, published Friday (June 30), found businesses wrote an average of 24.1 checks a month in…
Check out this highlight reel from the NACHA Payments 2017 conference that Software Corporation International attended at the end of April! PAYMENTS 2017 marked an important milestone in how those who are driving and adopting innovative payments solutions and practices share information to create common goals that unite progress with clarity of purpose.
New statistics from NACHA-The Electronic Payments Association show that ACH transaction volume in 2015 grew to more than 24 billion electronic payments, an increase of 1.3 billion payments (5.6 percent) over 2014 volume.
The data lake can be considered the consolidation point for all of the data which is of value for use across different aspects of the enterprise. There is a significant range of the different types of potential data repositories that are likely to be part of a typical data lake.
Electronic ACH payment transaction volume grew by 5.3 percent in last year, reaching 25.6 billion transactions, according to a report from NACHA, the electronic payments association. The total transaction value was $43.7 trillion in 2016, a 5.1 percent increase over the year prior. Nearly all ACH transactions (94.3 percent) were originated by the top 50 originating depository institutions, while 58.2 percent of all transactions were received by the top 50 receiving depository institutions.
Today’s customers can be disappointed after just one click, making the customer experience more complex — and more important — than ever. Changes that come from digital customer experience impact not only customers, but also companies’ strategies, processes, operations, and employees.
Software Corporation International (SCI) attended IBM’s 2017 Payments Forum May 23-24 in London, United Kingdom. This is the 4th year that SCI has participated in the conference, which attracts financial institutions and IBM Business Partners from North America and Europe. This forum included sessions and presentations on the Payments industry, thought leadership, and modernization strategies, and it provided opportunities for attendees to listen to the experiences of their peers and exchange ideas.
Software Corporation International (SCI) attended the IBM User Group Meeting for Financial Transaction Manager (FTM) on May 18th and 19th in Durham, NC. This meeting, held at the IBM Software Executive Briefing Center, drew over 50 participants, including representatives from North American financial institutions and from IBM Premier Business Partners.
There will be 25 billion ACH transactions occurring annually by 2010, estimates NACHA, the electronics payment association. Many of these transactions will be check conversions at merchants, including Wal-Mart, Target and large supermarket chains.